Table 4.2 - Demand Schedule for Automobiles

question 39

Multiple Choice

Table 4.2 - Demand schedule for automobiles
The following is a hypothetical demand schedule for automobiles.
-In Table 4.2,as price decreases from $24,000 per car to $20,000 per car:

• A) The demand curve for cars shifts to the right.
• B) Total revenue increases.
• C) The quantity of cars demanded decreases.
• D) The supply curve for cars shifts to the left.